11/22/2024
The Financial Crimes Enforcement Network (FinCEN) requires all business owners to complete a Beneficial Ownership Information (BOI) initial report before 1/01/2025 if you opened your business before 2024. If you opened your business in 2024, you must file a report within 90 days of registering your company with your Secretary of State. If you plan to open/register your business in 2025, you must file a report within 30 days of registering.
You can submit your report online at www.fincen.gov/boi.
You will need basic information about your business (business name, address, EIN) and current identification for the owner(s) with substantial control over the business.
Congress enacted this reporting requirement as a security measure to validate owners and to stop/prevent the flow of illicit funds and money laundering.
It is a simple process. Do not procrastinate; go ahead and get it done today!
Call, text, or message me with any additional questions, or go to https://boiefiling.fincen.gov/help.
Send a message to learn more